#RealtyNewsRoundup: Maharashtra CM Approves Consumer-Friendly RERA
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Maharashtra Chief Minister Devendra Fadnavis has finalised the rules for the implementation of the Real Estate (Regulation and Development) Act, 2016. Although the contents of the new rules are not yet public, sources said the government had introduced a slew of consumer-friendly provisions in the law.
Clearing the way for the completion of the long-delayed Dwarka Expressway, the Punjab and Haryana High Court has disposed off a petition against allotment of plots to the oustees, who do not have proper property documents. The Haryana Urban Development Authority (Huda) now aims to give the possession of plots by April 10.
City-based environment activists have moved to the National Green Tribunal, challenging Director of Town and Country Planning's Gurgaon Masterplan 2031 which allows construction of real estate over natural drains. The activists demanded an immediate removal of encroachments, cancellation of licenses and change in land use granted under the master plan.
The Supreme Court has directed to auction Sahara group's prime Aamby Valley property in Pune, if the company failed to deposit Rs 5,000 crore of the Rs 14,000 crore outstanding by April 17.